Psychological ownership in family businesses

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This book features three essays exploring ownership perceptions in family businesses, enhancing understanding of the organizational factors influencing individuals' psychological ownership and its subsequent attitudinal and behavioral effects. The first essay delves into the challenges faced by aging family business owner-managers who struggle to relinquish control and pass leadership to successors. The second essay investigates how the leadership styles of family business owner-managers impact nonfamily employees' psychological ownership, motivation, and performance. The third essay focuses on the unique experiences of nonfamily employees, examining how their perceptions of justice affect their sense of ownership and commitment to the family business. The research presented has led to multiple publications in esteemed journals and has been showcased at international conferences, even earning a nomination for a “most creative paper” award. These findings offer significant contributions to management and organizational psychology, providing practical insights for managers, owners, and consultants involved with family businesses. The implications are particularly beneficial for understanding the dynamics of ownership and commitment in these unique organizational settings.